I know economics not reganomics. I don’t follow your political economics education. I deal in truth.
It’s easy enough to at least partially prove because the same people who teach you Reganomics also have a proven track record of making the economy worse over decades. There hasn’t been hardly any growth in 50 years. Easy to verify by calculating the true value of GDP in 1970 and now, by taking the price of commodities and valuing your GDP by that. These same people are the ones who teach this new age economic bullshit when just studying a little bit of history and using true values not fiat values, and you will see that every mistake the U.S has made since leaving the gold standard has lead to exactly the same results time and time again. It always leads to collapse, it always leads to wages rising slower then prices. That’s the whole point of a fiat currency, is to let extremely inefficient corporations that produce almost no value and have unmotivated underpaid workforces survive in a semi free market. This by the way destroys prices. The reason you can’t afford a house is because any real asset that holds value and is inflation proof sores through the roof faster than even combined inflation. This is because these banks and corporations which could never exist in a honest and free economy have unlimited leverage from low interest loans and tax deductible debt, so they never have to give assets back to the working people except under extremely exploitative terms.
Your entire economy is a mess, and the people running it don’t have a clue how economics works, including your economics professors at these corporate funded universities who just spread nonsense to protect corporate profits and keep everyone in a virtual hostage situation where their retirement can get wiped out in microseconds on the stock market. It’s a bunch of bullshit and I’m really sick of people who literally don’t have a single clue what they are talking about, trying to explain economics to me, when I studied this for years on my own so I could figure out what is really going on and what really works, and surprise the entire economy is a giant scam. The biggest scam in history. Fiat currency is literally the biggest racket in history.
there’s no such thing as true value. when they tied the value of currency did they use a method besides fiat?
also, please get information about economics from people who understand it (not the internet). you seem not to be able to discern a reliable source in this field.
I know economics not reganomics. I don’t follow your political economics education. I deal in truth.
It’s easy enough to at least partially prove because the same people who teach you Reganomics also have a proven track record of making the economy worse over decades. There hasn’t been hardly any growth in 50 years. Easy to verify by calculating the true value of GDP in 1970 and now, by taking the price of commodities and valuing your GDP by that. These same people are the ones who teach this new age economic bullshit when just studying a little bit of history and using true values not fiat values, and you will see that every mistake the U.S has made since leaving the gold standard has lead to exactly the same results time and time again. It always leads to collapse, it always leads to wages rising slower then prices. That’s the whole point of a fiat currency, is to let extremely inefficient corporations that produce almost no value and have unmotivated underpaid workforces survive in a semi free market. This by the way destroys prices. The reason you can’t afford a house is because any real asset that holds value and is inflation proof sores through the roof faster than even combined inflation. This is because these banks and corporations which could never exist in a honest and free economy have unlimited leverage from low interest loans and tax deductible debt, so they never have to give assets back to the working people except under extremely exploitative terms.
Your entire economy is a mess, and the people running it don’t have a clue how economics works, including your economics professors at these corporate funded universities who just spread nonsense to protect corporate profits and keep everyone in a virtual hostage situation where their retirement can get wiped out in microseconds on the stock market. It’s a bunch of bullshit and I’m really sick of people who literally don’t have a single clue what they are talking about, trying to explain economics to me, when I studied this for years on my own so I could figure out what is really going on and what really works, and surprise the entire economy is a giant scam. The biggest scam in history. Fiat currency is literally the biggest racket in history.
there’s no such thing as true value. when they tied the value of currency did they use a method besides fiat?
also, please get information about economics from people who understand it (not the internet). you seem not to be able to discern a reliable source in this field.